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20110701
20110731
Search Results 0 to 3 of about 4 (some duplicates have been removed)
that is not the whole story? >>guest: you are right. people forget, and i forgot that obamacare, the big health care reform bill had half a trillion of new taxes over the next 10 years including tax on health insurance companies on investment income and hospitals and pharmacy companies and on employers so it is a major tax increase, the biggest ever in the last 25 years. people forgot about it so when democrats say to make it balances we need a tax increase, what we wrote today, didn't you just pass a big tax increase last year? you want $1 trillion increase on top of that? >> and so many of the tax increases do not come online until years down the road, so, although it was passed, and you think you may not have been slapped with it yet, in 2013 and 2015 and 2018 you will be. >>guest: gentleman that is why people for got. they did not take place until 20 thin or 2014 and some in 2018 for the health care plan. the question we have to ask, then, can the economy really get out of the rut with 9.2 percent unemployment and 14 million unemployed with $500 billion tax increase already in the works and, the
and that could seem like a big hit, but close to 97 points today, but obviously celebrated by day's end but with the losses here, we are battling reaction to not only no progress on talks in washington, but not much good news on the economy, in general, with more indications of that from a hot -- host of companies including merck laying off 13,000. and at 6:00 p.m. eastern, we are waiting for two hours when the house of representatives will take up the boehner measure. that is the measure that will include a balanced budget amendment to make it more palatable for conservative members who did not quite fine it their cup of tea. the tea partyers were not fond of it and even if john boehner gets the vote what happens after that? harry reid has all but said he will table it, and it is not going anywhere, and he has his own plan in the senate which will be introduced this weekend, which is not palatable to all of his members and may not make the 60 vote he needs and after the senate would not get any support in the house of representatives. so we are at loggerheads. reaction from republican
people but a lot of confusion among those in washington as to what is really happening. and that is a big part of the problem. both sides of the aisle are able to sell their point and sell their position to the american people and i think the membership are saying, okay, if he said it is true it must be true. >> i don't think that is true. these people are pandering and it is not just obama. everyone is a pandering, government spending is taxation. this is the highest government spending as a share of g.d.p. in the history of the united states since world war ii. bill clinton cut government spending as a share of g.d.p. dramatically. bush and obama have increased it dramatically. it's a real problem. now, our tax rate is lower. yes. but tax rates only do the amount of money you collect. not the amount of debt you erupting up which is, really, what taxes are in this system. so, you have to cut government spending in this. it is not a time -- if i went to my boss and i said, my wife and i are way overspending, i want to do a balanced approach, would you pay me more and i will cut become on
Search Results 0 to 3 of about 4 (some duplicates have been removed)